NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Yen Shorts Give Up

Published 04/12/2017, 12:20 pm
Updated 06/07/2021, 05:05 pm
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
USD/CAD
-
USD/NZD
-

Originally published by AxiTrader

Changes in FX speculative positioning were modest last week. Speculators cut their long euro positions slightly, from 95k to 90k net. However, the recent break above 1.19 attracted further buying, and EUR/USD could gain additional momentum if it clears resistance at 1.20.

Chart

Pound positioning switched from net short 1k to net long 5k following the short squeeze in Cable. Meanwhile, yen shorts are getting increasingly frustrated as USD/JPY is unable to gain momentum, despite the risk-on environment and rising stock markets.

Chart
Chart

Swiss franc positioning remained unchanged at 30k. Speculators added to their Canadian dollar long positions, bringing it up from 45k to 46k net long. Meanwhile, Australian dollar and New Zealand dollar positioning almost remained unchanged at net long 39k and net short 19k respectively.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.